Drone Destination (NSE:DRONE) EBIT : ₹ Mil (TTM As of Mar. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Drone Destination EBIT?

Drone Destination's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2023 was ₹34.0 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Drone Destination's annualized ROC % for the quarter that ended in Mar. 2023 was 43.12%. Drone Destination's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was 95.24%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield.

Drone Destination EBIT Historical Data

The historical data trend for Drone Destination's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Drone Destination EBIT Chart

Drone Destination Annual Data

Trend

Mar21

Mar22

Mar23

EBIT

-0.62

2.93

33.96

Drone Destination Semi-Annual Data
	Mar21	Mar22	Mar23
EBIT	-0.62	2.93	33.96

Competitive Comparison of Drone Destination's EBIT

For the Education & Training Services subindustry, Drone Destination's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Drone Destination's EV-to-EBIT Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Drone Destination's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Drone Destination's EV-to-EBIT falls into.

Drone Destination EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. EBIT for the trailing twelve months (TTM) ended in Mar. 2023 was ₹ Mil.

Drone Destination (NSE:DRONE) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Drone Destination's annualized ROC % for the quarter that ended in Mar. 2023 is calculated as:

	ROC % (Q: Mar. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2022 )	+	Invested Capital (Q: Mar. 2023 ))	/ count )
=	35.349 * ( 1 - 26.03% )	/	( (16.535	+	104.745)	/ 2 )
=	26.1476553	/	60.64
=	43.12 %

where

	Invested Capital		(Q: Mar. 2022 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	27.83	-	7.204	-	( 4.091	-	max(0, 10.555	-	20.047	+	4.091	))
=	16.535

	Invested Capital		(Q: Mar. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	235.933	-	28.296	-	( 102.892	-	max(0, 49.293	-	182.173	+	102.892	))
=	104.745

Note: The Operating Income data used here is one times the annual (Mar. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

Drone Destination's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2022		Q: Mar. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	33.96	/	( ( (7.017 + max(5.642, 0))	+	(52.43 + max(6.223, 0)) )	/	2 )
=	33.96	/	( ( 12.659	+	58.653 )	/	2 )
=	33.96	/	35.656
=	95.24 %

where Working Capital is:

	Working Capital		(Q: Mar. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2.555	+	3.085	+	10.316)	-	(7.204	+	0	+	3.11)
=	5.642

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(37.339	+	2.894	+	9.698)	-	(28.296	+	0	+	15.412)
=	6.223

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Mar. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Drone Destination's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2023 )
	=		/	7158.069
	=	%

Drone Destination EBIT Related Terms

Thank you for viewing the detailed overview of Drone Destination's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

Drone Destination (NSE:DRONE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Drone Destination Ltd (NSE:DRONE) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

C-13, Ground Floor, Panchsheel Enclave, Delhi, IND, 110017

Website

https://www.thedronedestination.com

Drone Destination Ltd is a DGCA-authorized Remote Pilot Training Organization that has developed an integrated drone eco-system built around drone manufacturing, certified training, services, and renting a drone. The company operates the largest network of DGCA-certified Drone Pilot Training Programs. Drone Destination currently operates nine Drone Hubs at Gurugram, Dharamshala, Chandigarh, Gwalior, Ahmedabad, Bangalore, Coimbatore, Madurai and IFFCO Phulpur.

Drone Destination (NSE:DRONE) Headlines

No Headlines